Gold price reaches $4,000 an ounce for the first time ever
| Source: | Zerohedge |
| Published: | 2025-10-07 |
| Author: | Spencer Kimball |
| Post Date: | 2025-10-07 16:05:36 by Esso |
| Views: | 66 |
| Source: | Zerohedge |
| Published: | 2025-10-07 |
| Author: | Spencer Kimball |
| Post Date: | 2025-10-07 16:05:36 by Esso |
| Views: | 66 |
#1: Esso To: Dakmar (#0)
Sorry, CNBC, not Zerohedge. Doesn't matter.
Gold has crushed the U.S. stock market over the last 25 years.
True, only if referenced to 2000. I went in hard at the 2009 stock market crash $904 Au, $9.00 Ag.
During that timeframe PMs kind of languished. I was in-the-money, but not keeping up with inflation.
As you can see from the above chart, gold didn't break out until recently. Here's a more recent chart:
You can see a decoupling around 2013, but there was a lot of stock moves I made that were more significant, by chasing dividends.
Best trade I ever made was doubling down on Exxon-Mobil when Dakkie asked me about stonks about the time it became obvious that the Dems had stolen the 2020 election.
Exxom-Mobil [XOM] was ~$40/share with a 10+% dividend yield which promptly went to ~$120/share as the Sniffer's anti-oil (can't live without oil) policies came to light.
Today XOM is $114 with a yield of 3.96%, better than the 0.01% Chase pays me on cash.
Best and most accurate TeeVee scene ever (Except 'Miami Vice').
Esso posted on 2025-10-08 18:34:48 Reply Private Reply
#2: Esso To: Dakmar (#1)
"Today XOM is $114 with a yield of 3.96%, better than the 0.01% Chase pays me on cash."
396 times more. Every day.
If you were to take that awesome 2000 chart, chop it off at 2010 and reset everything at zero, you can see what a bad long-term investemt gold is.
Until just recently. Gold underperformed like my ex-wife.
Until just recently. Poor people don't get unsolicited BJs.
Esso posted on 2025-10-08 18:50:17 Reply Private Reply
#3: Esso To: ghostrider (#1)
"Are you gonna come back to the truck or are you gonna wait here for a fuckin' mountian lion?"
Y'all should set up a GoFundMe to save Kimmy from me. LOL.
Here's a fictionalized account of my neighbor's 49 y/o wife dying in Gulf Shores Alabama. Angie's last wish was to see the ocean for the last time. Four of Chris's buds bought round trip airfare an a condo for them and two children. Ange died there, Chris rented a car to come home with the kids and used the residual from the ticket to recover her cremains. He learned a lot from me in 32 years.
I sold 3 oz of American Eagles ($9,600 at the time) for Angie's "Celebration of Life."
It was a lot worse than that from what Chris told me. I wouldn't even tell Kimmy.
Last time I saw Chris when he was cutting my lawn, he said he was in a hurry to get home to cook his son's dinner. I told him, "You're lucky, cooking for yourself is a waste of spirit." (Referring to when Kim's not here)
"No shit, Jim."
Esso posted on 2025-10-08 20:28:54 Reply Private Reply